Print Magazine
Brussels Morning Newspaper
Friday, January 27, 2023
No Result
View All Result
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
No Result
View All Result
Home EU Institutions Commission

EC launches consultation on energy market reform

Nikola Kiš by Nikola Kiš
24 January 2023
in Commission
High,Power,Electricity,Poles,In,Urban,Area.,Energy,Supply,,Distribution

High power electricity poles in urban area. Energy supply, distribution of energy, transmitting energy, energy transmission, high voltage supply concept photo.

Share on FacebookShare on Twitter

Belgium, (Brussels Morning Newspaper) The European Commission has launched consultation on planned reform of the EU energy market.

In a statement released on Monday, the EC noted that new rules are aimed at improving consumer protection and making prices less volatile.

At the same time, the Commission stressed the importance of strengthening the green push and investing more in renewable energy.

“The current system has delivered an efficient, well integrated market for many years, allowing the EU to reap the economic benefits of a single energy market, ensuring security of supply and spurring the decarbonisation process,” the Commission stated.

EC blames the system

The EC noted that the system “has also demonstrated some shortcomings,” blaming it for high and volatile energy prices that have negative effects on consumers.

“A reform is therefore needed,” the EC concluded and pointed out that planned changes will make the market more resilient and speed up the green transition enshrined in EU rules.

“It is crucial that all Europeans, from large industrial consumers to SMEs and households, benefit from the growth and low operational costs of renewables,” the Commission stated.

Kadri Simson, European Commissioner for Energy, noted “the EU’s electricity market has served us well for over twenty years… but the unprecedented energy crisis we are facing shows that we need to make the electricity market design fit or the future, allowing it to deliver the benefits of affordable clean energy to everyone.”

She concluded that “contributions from a wide variety of stakeholders” will help the EC to draw up new rules.

The EC announced plans to present its legislative proposal by the end of March this year and noted that the consultation will end on 13 February.

The consultation process will focus on “making electricity bills less dependent on short-term fossil fuel prices and boosting the deployment of renewables,” improving market surveillance, integrity and transparency, and improving consumer protection, among other.

The EC reminded that energy prices have been rising since 2021, stressing that unprecedented market volatility and price spikes have severe negative effects on households and the economy as a whole.

EC President Ursula von der Leyen announced plans to draw up new energy market rules last year, after the EU Council called on the Commission to do so.

Tags: Brussels LatestEnergyenergy crisisEnergy Pricesenergy transitionMain-Slider
Facebook Twitter Youtube LinkedIn

About Us

Brussels Morning is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.

Category

  • Ambassador’s Corner
  • Belgium News
  • Brussels
  • Commission
  • Council
  • Culture and Society
  • Diplomacy
  • Economy
  • EU Institutions
  • Europe
  • Europe With Transparency
  • Features
  • In Depth
  • Member States
  • Middle East Eye
  • Opinion
  • Our pick
  • Parliament
  • Place de la Bourse
  • Southeast Europe
  • Sustainable Perspective
  • The American Angle
  • The Macro-Economist
  • Uncategorised
  • US Elections
  • World

More info

  • About Us
  • Advertising
  • Cookies Policy
  • Contact Us
  • FAQ
  • Jobs

Brussels Morning Newspaper - All Rights Reserved © 2020

No Result
View All Result
  • Home
  • About Us
  • Brussels Bubble
    • Parliament
    • Commission
    • Council
  • Wider Europe
    • Member States
  • World
  • Business & Society
  • Europe With Transparency
  • Culture & Society
  • Policy Talks
    • Place de la Bourse
    • The Macro-Economist
    • Sustainable Perspective
    • Ambassador’s Corner
    • The American Angle
    • Southeast Europe
  • Print Magazine

Brussels Morning Newspaper - All Rights Reserved © 2020

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT